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25/09/2017

Council To Keep 15% Reduction In LPT

Dún Laoghaire-Rathdown County Council has confirmed it is to maintain the 15% reduction in Local Property Tax (LPT).

Fianna Fail Cllr Cormac Devlin welcomed the decision and said: "I am pleased that Dún Laoghaire-Rathdown County Council has agreed to maintain a 15% reduction of the Local Property Tax. Fianna Fáil have consistently pushed for the maximum reduction of the LPT since its introduction in 2013. The 15% reduction results in a modest saving of about €100 for the average homeowner."

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Fianna Fáil were joined by similar motions from Fine Gael and People Before Profit who also put forward motions to reduce the tax by 15%, while the Labour Party councillors sought to have it reduced by just 10%.

Cllr Devlin continued: "The Local Property Tax (LPT) is based on home valuations that have not been updated since 2013. Another valuation update is due in November 2019, and many homes will see increases in their liabilities because of rising property prices."

(CD/MH)

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